StockCode:000530;200530 ShortFormoftheStock:DalengGufen;DalengB;No:2016-079 DalianRefrigerationCo.,Ltd. PublicNoticeonCompletionofGrantingRestrictedStock Important: TheCompanyandthewholemembersofBoardofDirectorsofDalianRefrigeration Co., Ltd. hereby confirm that there are no any important omissions, fictitious statementsorseriousmisleadingcarriedinthisreport. According to the report on granting the restricted stock to the incentive object deliberated bythe9thMeeting of7thSessionoftheBoard ofDirectorsofDalian RefrigerationCo.,Ltd.(“theCompany”),andtherestrictedstock plandraftofthe Company,theBoardhasimplementedandcompletedgrantingtherestrictedstock. Therelateddetailsareasfollows: I.Thedetailsofgrantingtherestrictedstock 1.Grantingdayoftherestrictedstock:September20,2016 2.Grantingprice:5.62yuanpershare 3.Thedistributionofrestrictedstockamongincentiveobjects: Numberofgranted Proportionto Proportion Name Occupation restricted total tototal stock(tenthousand restricted share shares) stock capital DingJie Directorandgeneral 50.00 3.881% 0.083%manager FanYuekun deputygeneral 50.00 3.881% 0.083% manager MaYun Financial 50.00 3.881% 0.083% majordomo middlemanagementpersonnelandother corepersonnelthatshouldbeincented 1,138.40 88.357% 1.902% determinedbytheBoard（115person） Total（118person） 1,288.40 100.000% 2.151% Note: The above incentive object list is the same as the list disclosed on http://www.cninfo.com.cnbytheCompanydatedonSeptember21,2016. 4.Thesourceoftheobjectstock:directionaladd-issuingAsharescommonstockof theCompany 5.Theexplanationtothearrangementoftherestrictedstocklock-upperiod Sincethegrantingday,therestrictedstockgrantedtoincentiveobjectwillbeinthe lock-upperiodof12months.Duringthelock-upperiod,therestrictedstock(include thestockdividendsproducedbytherestrictedstock)ofincentiveobjectfromthe incentiveplanwillbelocked,andshallnotbetransferredorusedtorepaythedebt. Aftertheexpirationofalock-upperiodistheunlockperiod.Theincentiveobject shallunlocktherestrictedstockbythreetimesinthenext36monthsafter12months sincethegrantingday.Duringtheunlockperiod,iftheunlockconditionthatthe incentiveplanspecifiedwereachieved,theincentiveobjectshouldapplytounlock therestrictedstockbythreetimes.Thefirstunlockperiodisthefirstyearafterthe lock-upperiodexpired,andthenumberthattheincentiveobjectmayapplytounlock is30percentofthetotalnumberofthegrantedrestrictedstock.Thesecondunlock periodisthesecondyearafterthelock-upperiodexpired,andthenumberthatthe incentiveobjectmayapplytounlockis40percentofthetotalnumberofthegranted restrictedstock.Thethirdunlockperiodisthethirdyearafterthelock-upperiod expired,andthenumberthattheincentiveobjectmayapplytounlockis30percentof thetotalnumberofthegrantedrestrictedstock. II.Theinformationaboutcapitalverificationtosubscriptionmoneyforgrantingstock Fordetails,pleaseseethecapitalverificationreportissuedbyDaHuaCertifiedPublic Accountants(SpecialGeneralPartnership)disclosedonhttp://www.cninfo.com.cnby theCompanydatedonDecember2,2016. III.Thelistingdateofrestrictedstockgranted Thelistingdateofrestrictedstock:December6,2016. IV.Thechangesofsharecapitalstructure Shares Shares Items （beforechange） Changes （afterchange） I.Non-circulatingsharecapitalwithrestricted 69,548,731 +12,884,000 82,432,731 tradeconditions II.Circulatingsharecapital 529,343,827 529,343,827 1.Domesticallylistedordinaryshares 356,843,827 356,843,827 2.Domesticallylistedordinaryshares 172,500,000 172,500,000 III.Totalshares 598,892,558 +12,884,000 611,776,558 Theimplementationoftheequityincentiveplanwillnotleadtoequitydistribution doesnotmeettheconditionsforlistingrequirements. V.ThechangetoequityratioofcontrollingshareholderoftheCompany Afterthecompletionofgrantingtherestrictedstock, thetotalsharecapitalofthe Companywillincreaseto611,776,558sharesfromtheoriginal598,892,558shares, whichledtothechangetoequityratioofcontrollingshareholderoftheCompany. DalianBingshanGroupCo.,ltd.,thecontrollingshareholderoftheCompany,held 122,083,524sharesoftheCompanywithequityratioof20.38%tothetotalshare capital of theCompany beforegranting the restrictedstock. After completion of grantingtherestrictedstock,theequityratiowillchangeto19.96%.Thecontrolling shareholderoftheCompanywillnotchangeduefromgrantingtherestrictedstock. VI.Aftercompletionofgrantingtherestrictedstock,theearningpershareforyear 2015oftheCompanywillbe0.21yuanafterdilutedcalculationbasedonnewtotal sharecapitalof 611,776,558sharesoftheCompany. VII.Theuseplanofraisedfunds Theraisedfundsfromtherestrictedstockincentiveplanwillbeusedtosupplement floatingcapitaloftheCompany. Herebynotifytheabove. BoardofDirectorsofDalianRefrigerationCo.,Ltd. December2,2016